B. —1 [PT. IV].

ELECTRIC SUPPLY ACCOUNT— continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1941, compared with Year ended 31st March, 1940. Gross Revenue Account.

Net Revenue and Appropriation Account.

12

1940-41. 1930-40. 1 1940-41. 1939-40. To Generating-expenses (hydro-electric) — £ s. d. £ s. d. £ s. d. By sales of electrical energy — £ s. d. £ s. d. £ s. d. £ s. d. Lake Coleridge .. .. •• 14,538 18 1 12,668 3 5 Bulk for resale .. 443,534 13 3 402,773 19 9 LakeWaitaki .. .. : 8,560 13 1 8,437 8 6 Other than for resale — Kaimata .. .. • ■ 1,577 12 9 1,215 14 10 Traction .. .. 21,479 3 9 21,089 4 11 Monowai .. .. 6,370 10 0 7,709 0 4 Industrial .. .. 99,050 2 10 79,340 15 4 ! 31,047 13 11 !| Retail .. .. 101,965 4 2 96,689 10 4 30,030 7 1 ii 222,494 10 9 — Generating-expenses (fuel) Dobson .. .. 8,421 14 11 12,816 15 S 666,029 4 0 599,893 10 4 Purchase of power in bulk .. .. .. ■. 298 4 3 337 16 11 — Standbv charges .. .. .. •• •• 225 0 0 .. Rents — — Land and buildings .. .. 4,532 15 0 j 3,641 11 4 39,992 13 1 43,184 19 8 jj Lines and plant .. .. 386 6 6 785 6 0 Transmission System: Patrol and maintenance . 24,564. 11 7 15,927 19 10 j 4,919 1 6 - : ; Substations: Operation and maintenance .. .. 22,230 8 1 20,671 17 5 4,426 17 4 Communication System: Patrol and maintenance .. 1,373 0 3 1,353 2 3 ~ Distribution: Maintenance .. .. .. - - 19,933 18 0 19,473 12 10 Miscellaneous revenue .. j .. .. 7,864 9 11 9,291 1/ 8 System operation, testing, &c. .. .. .. 11,781 18 1 7,826 12 1 Management and general expenses .. .. .. 53,411 16 5 66,521 8 7 Balance, to Net Revenue and Appropriation Ac- .. 505,524 9 11 438,652 12 8 j C ° Unt j £678,812 15 5 £613,612 5 4 j ! £678,812 15 5 £613,612 5 4

' 1940-41. | 1939-40. |i j 1940-41. j 1939-40. £ s. d. | £ s. d. £ s. d. £ s. d. £ s. d. To Interest (gross) for year epded 31st March, 1941 . . 262,392 19 11 252,569 17 10 By Balance from Gross Revenue Account .. .. 505, S24 9 11 138,652 12 8 j Less interest capitalized .. .. .. 8,323 8 11 j 5,651 0 0 1 254,069 11 0 — t 246,918 17 10 Depreciation on completed works .. .. .. 73,711 4 7 124,9-31 6 1 Sinking Fund .. .. .. .. .. 126,227 3 11 66,802 8 9 Reserve Fund Social Security charge, national security tax, .. 51,516 10 5 income-tax | £505,524 9 11 £438,652 12 8 £505,524 9 11 £438,652 12 8